The Russian stock market collapsed as investors reacted to the US president's new sanctions targeting the country's largest oil producers, The Moscow Times reports, quoted by Focus
The shares of the two oil giants "Rosneft" and "Lukoil" fell by 3.78% and 5.85% (according to The Moscow Times). At the same time, TRT World reports that "Rosneft" shares fell by 3% to $4.19, and "Lukoil" by 7.2% in two days, wiping out $3.66 billion.
"The US administration's move to direct sanctions against major oil producers signals a new escalation," said Stanislav Kleshchev, a strategist at VTB My Investments.
On the other hand, the EU also stepped up its pressure on Moscow, adopting its 19th package of sanctions targeting Russia's key energy revenues, financial networks and technology supply chains.
Russian President Vladimir Putin said the sanctions would have some consequences but would not significantly affect the country's economic well-being.
Sanctions hit Russia hard! Rosneft and Lukoil lost billions of dollars
On the other hand, the EU also increased its pressure on Moscow, adopting the 19th package of sanctions targeting Russia's key energy revenues, financial networks and technology supply chains
Oct 25, 2025 18:19 218
